The Relative Strength (RS) Rating for Vita Coco jumped into a new percentile Friday, with a rise from 77 to 81.
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IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest runs.
Vita Coco is building a consolidation with a 40.32 entry. See if it can clear the breakout price in heavy trading.
Earnings growth increased last quarter from -45% to 29%, but sales fell from 20% to 17%.
Vita Coco earns the No. 2 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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